Abuja and Lagos are very busy cities —Enugu is serene and safe

ColumnsInvestingReal EstateAbuja and Lagos are very busy cities —Enugu is serene and safe

PilotnewsJuly 31, 2021

Hello, and welcome to my Real-Estate Investment Blog. As land and estate development expert, it has always been my pleasure to address your real-estate or land or other investment-related issues. I work with Pwan Max property and Business Solutions, a real estate marketing, investment, management, and development company well-known in Nigeria for providing a choice of classic serene, luxury homes within a flexible budget. In this column, I will address this question I received from...

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Foodstuff Traders In Enugu Attribute Rise In Cost To Insecurity

BusinessFoodFoodstuff Traders In Enugu Attribute Rise In Cost To Insecurity

Ije Ulasi (Regional Correspondent)July 28, 2021

ENUGU — The menace of suspected Fulani herdsmen at farm settlements in Enugu state has crippled rate of farm produce in the state resulting in the high cost of foodstuffs in the market. Speaking to WAPN correspondent, a vegetable seller in the popular New Market Enugu, who pleaded anonymity explained, “The cost of foodstuffs are very high now as opposed to what it used to be at this time of year, rainy season,” “This is...

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Nnewi is Competing Favourably With Cosmopolitan Cities- Madubuko

BusinessEconomyNewsNnewi is Competing Favourably With Cosmopolitan Cities- Madubuko

PilotnewsJuly 27, 2021

By Jennifer Egwuonye, Staff writer   NNEWI — In a bid to create an enabling environment for economic, social, political, and other lucrative activities to thrive in Nnewi North Local Government Area, the transition chairman, Hon. Chukwudi Orizu and erudite academician, Professor Victor Madubuko had an excellent and meaningful tete-a-tete. This is in line with the visit of Prof. Madubuko, an adjunct professor at Yeshiva University, New York to harness the available resources in Nnewi...

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CBN Maintains Key Policy Rate

EconomyMoneyCBN Maintains Key Policy Rate

Beloved John (Staff Writer)July 27, 2021

The Central Bank of Nigeria has chosen to keep the monetary policy rate at 11.5 per cent, with the assymetric corridor of +100/-700 basis points around the MPR. Godwin Emefiele, the  CBN governor disclosed this on Tuesday at the end of the Monetary Policy Committee meeting that began on Monday. Emefiele noted that the bank also retained other parameters as the Monetary Policy Committee (MPC) voted to keep the Cash Reserve Ratio (CRR) at 27.5...

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Bureau De Change Stopped from Operating Forex Sales as CBN Retains Lending Rate

BusinessMoneyBureau De Change Stopped from Operating Forex Sales as CBN Retains Lending Rate

Bada Yusuf Amoo (Correspondent)July 27, 2021

ABUJA — The operators of the Bureau De Change have been, with immediate effect, stopped from operating forex sales by the Central Bank of Nigeria (CBN). This was disclosed by the Governor of the CBN, Godwin Emefiele, after the two-day meeting of the Monetary Policy Committee (MPC) in Abuja on Tuesday. The Committee, at the end of the meeting, also retained the Monetary Policy Rate at 11.5 percent. The MPC also retained the Cash Reserve...

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National Pension Fund Rise to N12.6trn – PenCom

EconomyNewsNational Pension Fund Rise to N12.6trn – PenCom

Beloved John (Staff Writer)July 27, 2021

LAGOS — Nigeria’s pension fund assets rose to N12.66 trillion in June while the contributors under the Contributory Pension Scheme (CPS) hitting the 9.38 million mark. DG National Pension Commision (PenCom),  Aisha Dahir-Umar, indicated this while address Journalists at a Workshop held in Lagos on Monday. According to the DG, the consistent growth trajectory of the assets rationalized the commission’s overriding investment philosophy of ensuring the safety of pension fund assets. “COVID-19 has engendered socio-economic...

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Nigeria’s Revenue-to-GDP Ratio Lowest in the World – World Bank

EconomyNigeriaWorld NewsNigeria’s Revenue-to-GDP Ratio Lowest in the World – World Bank

Beloved John (Staff Writer)July 27, 2021

LAGOS — World Bank ranked Nigeria’s revenue to Gross Domestic Product (GDP) ratio as the lowest in the world. The organisation also said Nigeria ranks sixth from the bottom in terms of the human capital index produced every year. World Bank country director for Nigeria, Shubham Chaudhuri disclosed this on Monday during a panel session at a virtual public sector seminar organised by the Lagos Business School (LBS). The director emphasized the importance of diversifying...

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Buhari Signs N983 Billion Supplementary Budget

EconomyBuhari Signs N983 Billion Supplementary Budget

Beloved John (Staff Writer)July 26, 2021

ABUJA — President Mohammed Buhari has signed into law the 2021 Supplementary Appropriation Bill. The supplementary budget which had earlier been passed by the National Assembly was summed to N983 billion (N982,729,695,343) and will be used to fund security and health concerns. Umar El-yakub, senior special assistant to the president on the National Assembly (House of Representatives) disclosed the development to journalists on Monday. Speaking on the bill, Zainab Ahmed, minister of finance, budget, and...

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High Cost Of Living Worries Members Of Nigeria Union of Journalists

JobsPress * MediaHigh Cost Of Living Worries Members Of Nigeria Union of Journalists

Hassan Umar Shallpella (Regional Correspondent)July 24, 2021

YOLA — Members of the Nigeria Union of Journalists (NUJ) Adamawa state council have decried the high cost of living being experienced by the citizenry and called on government and political leaders to address the issue. The members made their feelings Saturday during a congress meeting of the union noting that prices of foodstuffs are skyrocketing on a daily basis. They lamented that a bag of maize is now sold around N23, 000.00 while a...

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The Annual Income of Lagos NURTW Can Service the Annual Budget of Nasarawa, Yobe, Niger Put Together – Report

BusinessTransportationThe Annual Income of Lagos NURTW Can Service the Annual Budget of Nasarawa, Yobe, Niger Put Together – Report

Bada Yusuf Amoo (Correspondent)July 23, 2021

LAGOS — The Lagos State Chapter of the National Union of Road Transport Workers, NURTW, popularly referred to as Agberos generates about N123.08 billion annually. This was according to the statistical report by the International Centre for Investigative Report. The report also showed that the yearly income of the transport union could service the annual budget of Nasarawa, Niger, and Yobe states put together. Other sources of income excluded from the report were money levied...

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